AST SpaceMobile proposes $500M notes due 2032, $135M note repurchase, reports $939M cash

AST SpaceMobile, Inc.

Proposes $500M convertible notes due 2032; underwriters may purchase additional $75M.
Plans $135M repurchase of existing 4.25% notes via concurrent registered direct offering of Class A common stock.
Preliminary cash and equivalents $939.4M as of June 30; total debt $278.6M.
ATM program raised $488.7M net proceeds (13.6M shares) through July 23; program terminated.
Capped call transactions expected to reduce dilution on conversion of new notes.

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